Case Studies:
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Projections. Wave C down
In a simple A-B-C fractal pointing down wave C down reacts to both preceding waves A down and subsequent corrective wave B up. In fact, Wave C down directly relates to wave A down and keeps following a number of specific ratios we will study next!
Let’s review a simple example:
Wave A starts at $50 and drops to $35. Its length is $50 – $35 = $15.
Wave B starts at the bottom of wave A at $35 and pushes price up to $42.
Taking into account one of the most common projection ratio of 109.2% we can easily compute in advance a potential level where wave C may complete!
Wave C = Wave A x Projection Ratio
Wave C = ($50-$35) x 109.2% = $16.38.
Wave C starts at the top of wave B at $42.
Then it may complete at $42 – 16.38 = $25.62!
MAIN FEATURES
- Wave C reacts to both preceding waves A down and B up.
- To predict a target for Wave C down we should measure wave A down and project it from a point of completion of Wave B up.
- Introduction to Section 9.
- How wave C relates to wave A and what projection ratio is.
- How to predict the bottom of the wave C down.
- Wave C: the most common projection ratios to wave A.
- How to predict the top of the wave 3 up.
- Most Common Projection Ratios for the wave 3.
- How to predict the top of the wave 5 up.
- Most Common Projection Ratios for the wave 5.
- Case Studies: Application of Projections Ratios for wave C up.
- Case Studies: Application of Projections Ratios for wave 3 up.
- Case Studies: Application of Projections Ratios for wave 5 up.